<PAGE>

                                                                    EXHIBIT 99.1

                                                                     Page 1 of 4


                ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2004-B

                         STATEMENT TO CERTIFICATEHOLDERS

                                FEBRUARY 15, 2006

                             DISTRIBUTION IN DOLLARS

<TABLE>
<CAPTION>
                             BEGINNING                                                                          ENDING
            ORIGINAL         PRINCIPAL                                                REALIZED   DEFERRED      PRINCIPAL
CLASS      FACE VALUE         BALANCE        PRINCIPAL     INTEREST        TOTAL       LOSSES    INTEREST       BALANCE
-----    --------------   --------------   ------------   ----------   ------------   --------   --------   --------------
<S>      <C>              <C>              <C>            <C>          <C>            <C>        <C>        <C>
A1        49,000,000.00    16,355,216.95   1,637,232.29    39,116.23   1,676,348.52     0.00       0.00      14,717,984.66
A2        42,300,000.00    42,300,000.00           0.00   133,597.50     133,597.50     0.00       0.00      42,300,000.00
A3        16,100,000.00    16,100,000.00           0.00    63,729.17      63,729.17     0.00       0.00      16,100,000.00
A4        21,600,000.00    21,600,000.00           0.00    98,280.00      98,280.00     0.00       0.00      21,600,000.00
M1        19,000,000.00    19,000,000.00           0.00    90,725.00      90,725.00     0.00       0.00      19,000,000.00
M2        11,000,000.00    11,000,000.00           0.00    59,675.00      59,675.00     0.00       0.00      11,000,000.00
B1        10,000,000.00    10,000,000.00           0.00    62,500.00      62,500.00     0.00       0.00      10,000,000.00
B2         4,000,000.00     4,000,000.00           0.00    25,000.00      25,000.00     0.00       0.00       4,000,000.00
CERT               0.00             0.00           0.00   397,610.81     397,610.81     0.00       0.00               0.00
         --------------   --------------   ------------   ----------   ------------     ----       ----     --------------
TOTALS   173,000,000.00   140,355,216.95   1,637,232.29   970,233.71   2,607,466.00     0.00       0.00     138,717,984.66
         ==============   ==============   ============   ==========   ============     ====       ====     ==============
</TABLE>

                  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE

<TABLE>
<CAPTION>
                        BEGINNING                                                  ENDING
CLASS      CUSIP        PRINCIPAL      PRINCIPAL     INTEREST       TOTAL         PRINCIPAL
-----    ---------   --------------   -----------   ----------   -----------   --------------
<S>      <C>         <C>              <C>           <C>          <C>           <C>
A1       68619AAZ0     333.77993776   33.41290388   0.79829041   34.21119429     300.36703388
A2       68619ABA4   1,000.00000000    0.00000000   3.15833333    3.15833333   1,000.00000000
A3       68619ABB2   1,000.00000000    0.00000000   3.95833354    3.95833354   1,000.00000000
A4       68619ABC0   1,000.00000000    0.00000000   4.55000000    4.55000000   1,000.00000000
M1       68619ABD8   1,000.00000000    0.00000000   4.77500000    4.77500000   1,000.00000000
M2       68619ABE6   1,000.00000000    0.00000000   5.42500000    5.42500000   1,000.00000000
B1       68619ABF3   1,000.00000000    0.00000000   6.25000000    6.25000000   1,000.00000000
B2                   1,000.00000000    0.00000000   6.25000000    6.25000000   1,000.00000000
                     --------------   -----------   ----------   -----------   --------------
TOTALS                 811.30183208    9.46377046   5.60828734   15.07205780     801.83806162
                     ==============   ===========   ==========   ===========   ==============
</TABLE>

                               PASS-THROUGH RATES
<TABLE>
<CAPTION>
        CURRENT PASS-
CLASS     THRU RATE
-----   -------------
<S>     <C>
A1        2.870000%
A2        3.790000%
A3        4.750000%
A4        5.460000%
M1        5.730000%
M2        6.510000%
B1        7.500000%
B2        7.500000%
</TABLE>

 IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
                           ADMINISTRATOR LISTED BELOW:

                                   Janice Rose
             JPMorgan Chase Bank, N.A. - Structured Finance Services
                                600 Travis, 9 FL
                              Houston, Texas 77002
                    Tel: (713) 216-3068 / Fax: (713) 216-4880
                          Email: Janice.Rose@chase.com

(JPMORGAN LOGO)      COPYRIGHT 2005 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED.

<PAGE>

                                                                     Page 2 of 4


                ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2004-B

                                FEBRUARY 15, 2006

<TABLE>
<S>                    <C>                                                <C>
Section 7.05(a)(i)     Principal Payment Allocable to Holders               1,637,232.29

Section 7.05(a)(ii)    Interest Payment Allocable to Holders                  572,622.90

Section 7.05(a)(iii)   Servicing Fee                                          175,379.48
                       Indenture Trustee Fee                                    2,653.04
                       Indenture Trustee Expenses                                 881.20
                       Owner Trustee Fee                                          333.34
                       Monthly Backup Servicing Fee                             5,000.00

Section 7.05(a)(iv)    Beginning Balance of Contracts                     168,364,303.80
                       Ending Balance of Contracts                        166,727,071.51

Section 7.05(a)(v)     Number of Contracts                                         3,880
                       Weighted Average Remaining Term                            207.74
                       Weighted Average Contract Rate:                             9.597%

Section 7.05(a)(vi)    Number and Aggregate Principal Amounts of
                       Contracts in Delinquency inlcuding Repossessions
</TABLE>

                               Delinquency Totals

                                  Group Totals

<TABLE>
<CAPTION>
Period       Number   Principal Balance   Percentage
------       ------   -----------------   ----------
<S>          <C>      <C>                 <C>
30-59 days      32       1,083,185.38        0.65%
60-89 days      14         629,886.63        0.38%
90+days         65       2,755,043.58        1.65%
               ---       ------------        ----
Total          111       4,468,115.59        2.68%
               ===       ============        ====
</TABLE>

     Number and Aggregate Principal Amounts of Contracts Repossessed During
                                Reporting Period

                               Repossession Totals

<TABLE>
<CAPTION>
Number of    Principal
  Loans       Balance    Percentage
---------   ----------   ----------
<S>         <C>          <C>
   14       461,085.17      0.28%
</TABLE>

        Number and Aggregate Principal Amounts of Contracts in Inventory

                               Repossession Totals

<TABLE>
<CAPTION>
Number of     Principal
  Loans        Balance     Percentage
---------   ------------   ----------
<S>         <C>            <C>
    39      1,712,464.57      1.03%
</TABLE>

(JPMORGAN LOGO)       COPYRIGHT 2005 J.P.MORGAN CHASE & CO. ALL RIGHTS RESERVED.

<PAGE>

                                                                     Page 3 of 4


                ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2004-B

                                FEBRUARY 15, 2006

        Number and Aggregate Principal Amounts of Contracts in Bankruptcy

                                Bankruptcy Totals

<TABLE>
<CAPTION>
Number of     Principal
  Loans        Balance     Percentage
---------   ------------   ----------
<S>         <C>            <C>
   102      4,695,241.36      2.82%
</TABLE>

<TABLE>
<S>                        <C>                                                 <C>
Section 7.05(a)(viii)      Principal Prepayments                                  997,172.14

                           Liquidation Proceeds                                   133,522.51

Section 7.05(a)(viii)      Realized Losses
                              Current Period                                      125,829.26
                              Cumulative                                        1,703,840.87

Section 7.05(a)(ix)        Adjusted Note Balances
                              Class M1                                         19,000,000.00
                              Class M2                                         11,000,000.00
                              Class B1                                         10,000,000.00
                              Class B2                                          4,000,000.00

Section 7.05(a)(x)         Interest Payment Amount

                              Interest Distribution - A-1                          39,116.23

                              Interest Distribution - A-2                         133,597.50

                              Interest Distribution - A-3                          63,729.17

                              Interest Distribution - A-4                          98,280.00
                              Available Funds Cap Carry-Forward Amount - A-4            0.00
                              Interest Reduction Amount - A-4                           0.00

                              Interest Distribution - M-1                          90,725.00
                              Available Funds Cap Carry-Forward Amount - M-1            0.00
                              Liquidation Loss Interest Amount - M-1                    0.00
                              Interest Reduction Amount - M-1                           0.00

                              Interest Distribution - M-2                          59,675.00
                              Available Funds Cap Carry-Forward Amount - M-2            0.00
                              Liquidation Loss Interest Amount - M-2                    0.00
                              Interest Reduction Amount - M-2                           0.00

                              Interest Distribution - B-1                          62,500.00
                              Available Funds Cap Carry-Forward Amount - B-1            0.00
                              Liquidation Loss Interest Amount - B-1                    0.00
</TABLE>

(JPMORGAN LOGO)       COPYRIGHT 2005 J.P.MORGAN CHASE & CO. ALL RIGHTS RESERVED.

<PAGE>

                                                                     Page 4 of 4


                ORIGEN MANUFACTURED HOUSING CONTRACT TRUST 2004-B

                                FEBRUARY 15, 2006

<TABLE>
<S>                        <C>                                                 <C>
                              Interest Reduction Amount - B-1                           0.00

                              Interest Distribution - B-2                          25,000.00
                              Available Funds Cap Carry-Forward Amount - B-2            0.00
                              Liquidation Loss Interest Amount - B-2                    0.00
                              Interest Reduction Amount - B-2                           0.00

Section 7.05(a)(xi)        Overcollateralization Target Amount                 28,009,086.85

Section 7.05(a)(xii)       Overcollateralization Amount                        28,009,086.85

Section 7.05(a)(xiv)       Trust Certificate Distribution                         397,610.81

Expense Paid to LLC and
   DRS                                                                              4,748.73
Servicing Fee Adjustment                                                           -5,140.54
Miscellaneous Servicing
   Expenses                                                                             0.00
</TABLE>

(JPMORGAN LOGO)       COPYRIGHT 2005 J.P.MORGAN CHASE & CO. ALL RIGHTS RESERVED.